Gibson Energy (OTCMKTS:GBNXF) Sets New 52-Week High - Here's What Happened

Key Points

• Gibson Energy reached a new 52-week high, trading as high as $23.88 and recently at $23.86, up about 0.8% on the day.
• Analyst sentiment remains generally positive, with one Strong Buy, three Buy and five Hold ratings producing a consensus “Moderate Buy” rating.
• Gibson reported quarterly EPS of $0.34, beating the $0.21 consensus estimate, while revenue came in at $2.35 billion, in line with expectations.

Gibson Energy Inc. (OTCMKTS:GBNXF - Get Free Report) hit a new 52-week high during mid-day trading on Thursday. The stock traded as high as $23.88 and last traded at $23.86, with a volume of 10,181 shares trading hands. The stock had previously closed at $23.6780.

Wall Street Analyst Weigh In

GBNXF has been the topic of several research reports. Zacks Research raised Gibson Energy from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 4th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Gibson Energy in a report on Wednesday, July 29th. Jefferies Financial Group downgraded Gibson Energy from a "buy" rating to a "hold" rating in a research report on Wednesday, July 22nd. Canadian Imperial Bank of Commerce downgraded Gibson Energy from an "outperform" rating to a "neutral" rating in a research report on Thursday. Finally, BMO Capital Markets restated a "market perform" rating on shares of Gibson Energy in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy".

Gibson Energy Trading Up 0.8%

The stock has a market capitalization of $4.12 billion, a price-to-earnings ratio of 33.61 and a beta of 0.65. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.89 and a current ratio of 1.07. The firm has a fifty day moving average of $22.61 and a 200-day moving average of $21.68.

Gibson Energy (OTCMKTS:GBNXF - Get Free Report) last released its quarterly earnings data on Monday, July 27th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.21 by $0.13. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. Gibson Energy had a return on equity of 18.20% and a net margin of 1.32%. As a group, equities analysts predict that Gibson Energy Inc. will post 0.84 earnings per share for the current fiscal year.

Gibson Energy Company Profile

Gibson Energy Inc is a Canadian midstream infrastructure company that provides services for the movement, storage and handling of crude oil and other energy products. Its operations support producers, refiners, marketers and other customers by connecting oil supplies with transportation and refining markets.

The company's assets include crude oil storage terminals, pipelines, gathering systems, trucking operations and related infrastructure. Gibson is particularly associated with the South Edmonton Terminal, a major crude oil storage and blending facility in Alberta, and also operates infrastructure serving other producing and consuming regions.

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